Zenith Minerals: Intersects high-grade gold at Red Mountain
- Zenith Minerals (ZNC) has intersected high-grade gold mineralisation from its 10-hole maiden drilling program at the Red Mountain Gold Project in Queensland
- Then the 10-hole, for 780 metres, reverse circulation (RC) drilling program returned near-surface, high-grade gold results
- Then the company encouraged by the initial near-surface gold mineralisation as only a 250 metre portion tested out of a 1200 metre-long gold anomaly
- This shows major potential for further gold mineralisation
- Multi-element analyses from drill samples are pending and will assist in finding drill targets at Red Mountain
- Company shares have soared 34.2 per cent and are trading for 11 cents each
